The real estate transaction value in the real estate market in the Dominican Republic was modeled to stand at ************ U.S. dollars in 2024. Following a continuous upward trend, the real estate transaction value has risen by ************ U.S. dollars since 2017. Between 2024 and 2029, the real estate transaction value will rise by *********** U.S. dollars, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Real Estate.

The Dominican Republic construction market exhibits robust growth potential, with a market size of $35.47 million in 2025 and a projected Compound Annual Growth Rate (CAGR) exceeding 9.81% from 2025 to 2033. This expansion is fueled by several key drivers. Increased government investment in infrastructure projects, particularly in transportation and energy, is a significant catalyst. Furthermore, a burgeoning tourism sector necessitates the development of new hotels, resorts, and related infrastructure, contributing significantly to market growth. The residential sector also shows promise, driven by a growing population and rising urbanization rates. While specific data on restraining factors is unavailable, potential challenges could include material cost fluctuations, skilled labor shortages, and regulatory hurdles. The market is segmented across Residential, Commercial, Industrial, Infrastructure (Transportation), and Energy & Utilities sectors, offering diverse investment opportunities. Key players such as Constructora Rizek y Asociados SRL and Noval SRL are shaping the market landscape, though the competitive environment appears relatively fragmented. Looking ahead to 2033, the market is poised for substantial expansion. Extrapolating from the 9.81% CAGR, we can anticipate significant increases in market value across all sectors. The ongoing infrastructure development initiatives by the Dominican government will likely stimulate further growth in the infrastructure and energy sectors. The sustained growth in tourism is expected to keep demand high in the commercial and residential sectors. However, continued monitoring of economic stability and potential challenges like inflation and supply chain disruptions will be crucial for accurate forecasting. The market's success hinges on effective strategies to address these potential headwinds and leverage the opportunities presented by a thriving economy and supportive government policies. Recent developments include: August 2023: Guyana signed a memorandum of understanding (MoU) with the Dominican Republic to explore the construction of a 50,000 barrel per day (bpd) refinery in Guyana. As per the terms of the agreement, the Dominican Republic Government could own at least a 51% stake in the refinery project., May 2023: The Dominican Republic’s PPP agency DGAPP launched the process to award construction and operation of the DOP 21.5 billion (USD 391 million) Ámbar divided highway. It will connect Santiago de los Caballeros and Puerto Plata on the north coast., March 2023: Grupo Estrella subsidiary Cemento PANAM plans to execute a 1.23 Mt/yr grinding plant project in the Dominican Republic. CNS News reported that China-based Sinoma Construction won a contract to deliver the project.. Key drivers for this market are: Increase in GDP contribution from Construction Industry, Increase in Number of Building Permits. Potential restraints include: Increase in GDP contribution from Construction Industry, Increase in Number of Building Permits. Notable trends are: Rise in commercial construction projects.